CEAT has approved an investment up to Rs 340 lakh by way of subscription in Rights Issue of equity shares of Tyresnmore Online, a wholly owned subsidiary of the company. With the proposed current investment, the company’s shareholding in Tyresnmore remains 100%.
CEAT is among the best tyre manufacturers in India. It manufactures a wide range of tyres for two-wheelers, three-wheelers, four-wheelers, tractors and tippers and trucks. Besides tyres, the company also manufactures and markets tubes and flaps.
